Steel Products
August 16, 2013
Service Center Inventories at Lowest Levels Since December 2010
Written by John Packard
According to just released Metal Service Center Institute (MSCI) data, total steel inventories at the distributors as of the end of July were 7,642,600 tons. This is 12.2 percent below the 8,953,900 tons held by service centers at the end of July 2012.
The daily shipment rate dropped to 157,500 tons per day (22 day shipping month) with service centers shipping 117,000 more tons in July than the previous month (20 day shipping month).
